There are two main parts of a big pharma company; the R&D and the Marketing (assuming we can ignore divisions like HR...). The R&D side employs PhD's for research, MD's for medical directors and to help design and run trials, etc. The marketing side has lots of MBA's and people who worked their way up the ranks from "carrying the bag" as a rep. The big decisions (i.e., which R&D projects to pursue, corp. strategy) actually comes from the marketing side, since this is where the big money is made (and lost). This is also where the big compensation happens (the science guys get paid nicely but the upside is limited).prominence said:Any thoughts on this specialized type of MBA?
thanks for the reply bluejay.bluejay68 said:One interesting place in big pharma for an MD/MBA would be in the M&A group, where they look at licensing and acquiring compounds; you need the science bacground to understand the technology and pick winners and the business background to forecast sales and make deals, but these groups are very hard to break into.
Mergers and acquisitions. Since actual mergers happen (relatively) infrequently, the best title for the group you probably would be interested in would be "Business Development". Like I mentioned, this group looks at potential licensing opportunities or acquisitions for the company. They find these compounds or technologies and put together the proposal based on financial projections.prominence said:thanks for the reply bluejay.
btw, whats "M&A group" mean? i am not familiar with that term.